๐ฐ BREAKING NEWS ๐๏ธ ETH Whales React to Vitalikโs Signals With $1,800 Breakdown Threat Looming#Vitalik-Buterin's
ETH Whales React to Vitalikโs Signals With $1,800 Breakdown Threat Looming$ETH
ETH broke down on Feb. 3, completing a head-and-shoulders pattern that projects about $1,820 and keeps $1,800 in focus.
Lookonchain said Vitalik sold about 2,961.5 ETH worth roughly $6.6 million near $2,228 on average, adding to bearish momentum.
Whales reduced holdings by about 140,000 ETH and hodlers showed net selling around 10,681 ETH, while URPD highlights $1,880 as key support; failure could open $1,560, while reclaiming $2,270 and $2,700 matters.
Ethereum slid into early February under mounting pressure, and on chain signals now suggest a growing threat of a move toward the $1,800 zone. Price weakness is being amplified by a synchronized pullback from influential and long term holders. A Feb. 5 market note said ETH fell below key support after a chart breakdown confirmed on Feb. 3, while new data showed whales and hodlers beginning to reduce exposure. The update framed $1,800 as the next psychological risk area if support fails.
Technical damage meets high profile selling
On the daily chart, ETH completed a head-and-shoulders pattern forming since mid-November, and the bearish reversal was confirmed when price broke the neckline on Feb. 3. The patternโs measured move targets about $1,820, and Buterinโs selling added fuel to that downside narrative. Lookonchain reported Vitalik sold about 2,961.5 ETH, worth roughly $6.6 million, at an average near $2,228 over three days, with the selling described as ongoing. The note said that timing can weaken confidence and reinforce bearish price action.
After Feb. 3, whales excluding exchange wallets briefly accumulated between Feb. 2 and Feb. 3, then flipped once price failed to rebound. Whales shifted from dip buying to distribution, cutting roughly 140,000 ETH in a struggle to sustain higher levels for now too.